Tech Nation, Global Ecosystems Summit Keynote 2018

Tech Nation, Global Ecosystems Summit Keynote 2018

• 1.
  Global Ecosystems SummitKeynote Tech Nation 2018 Report & Ecosystems 14th June 2018 Gerard Grech Chief Executive Tech Nation @gerardgrech @technation
• 2.
  Who is TechNation? We empower tech entrepreneurs to grow faster through growth programmes, digital entrepreneurship skills, a visa scheme for ambitious tech founders, and by championing the UK’s tech sector through data, stories and media campaigns We have worked with over 350 companies, who have collectively raise $7Bn in 50 months, at all growth stages
• 3.
  Innovation globally ischanging Startups & entrepreneurial talent is moving to the heart of innovation
• 4.
  Key Drivers ofa Tech Ecosystem ● Many other smaller factors are also important, but these provide the framework
• 5.
  Startup needs evolveas they grow
• 6.
  Each year, wepublish the most comprehensive research on UK Tech, using the latest data from several partners & 3400+ survey responses. All the data is open at data.world. Find out more at: TechNation.io
• 7.
  Performance of thetop 12 global tech startup ecosystems Source: Startup Genome, 2017 Since it’s London Tech Week... London ranks 3rd in latest tech startup ecosystem rankings
• 8.
  London is the2nd most connected ecosystem in the world 25% of the world’s entrepreneurs* report a significant relationship with two or more others based in London, a figure beaten only by Silicon Valley Inbound connections for the top 20 global tech ecosystems Source: *Startup Genome, 2017
• 9.
  While London isthe financial epicenter, businesses are scaling across the United Kingdom Venture capital investment in $B (2013-2018 April) Edinburgh Skyscanner $175M ($1.7B+ exit to Booking.com) Fanduel $415M Durham Atom Bank $400M Amounts raised per company Bristol Icera $200M Graphcore $110M Rudheath / Manchester The Hut Group $300M Cambridge Darktrace $180M Kymab $125M PatientsLikeMe $110M Cambridge Medical Robotics $50M FeatureSpace $40M Ellen Brewdog $160M Oxton Biovex $140M Oxford Oxford Nanopore $450M Gigaclear $175M Immunocore $360M Reaction Engines $145M Adaptimmune $105M
• 10.
  Specialisations are emergingall across the UK London - FinTech, social networks, digital media Manchester - App dev, digital mkt., digital entertain. Reading - Cybersecurity, business software, analytics Bristol & Bath - EdTech, semiconductors, video games Birmingham - Cloud computing, e-commerce, FinTech Oxford - Cybersecurity, cloud, health tech Leeds - App development, e-commerce, gaming Newcastle - Financial tech, analytics, video games Edinburgh - Financial tech, health tech, e-commerce Leicester - Business software, app dev, FinTech Liverpool - App development, video games Cardiff - FinTech, business software, MedTech Cambridge - AI, IoT/IIoT, analytics Brighton - Gaming, app development, analytics Sheffield - Hardware, business software, e-commerce Bournemouth & Pool - App development, telecommunications Ipswich - E-commerce, digital advertising Belfast - Business software, cybersecurity
• 11.
  Digital tech turnover increasedfrom £170 billion in 2016 to £184 billion in 2017 Growth: The UK tech sector grew 2.6 times faster than the rest of the economy in 2017 Digital tech jobs increased from 1.64 million in 2016 to 1.87 million in 2017 Every 50 minutes a digital tech business is created in the UK
• 12.
  UK accounts for13 of Europe’s 34 tech unicorns, or 38%… UK: 13 unicorns 6 2 3 1 2 2 Israel: 8 unicorns (1) 1 1 1 1
• 13.
  Many UK techunicorns are driven through algorithmic control Unicorn Benevolent AI Telegram Turnover £151 M £129 M - £2.58 M £2.36 M £8.48 M - Employment >1000 >1000 10-24 100-249 250-499 100-249 - Unicorn Turnover £34.6m £30.8 M £7.82 M £67 M £4.53 M £16.5 M £50.9 M Employment 100-249 500-999 100-249 500-999 250-499 250-499 500-999
• 14.
  2.1M employed in totalin the UK digital industries 1.87M digital tech jobs like an AI engineer (+230K in 1 yr)
• 15.
  Top 400 UKmeetups* highlight emerging trends AI and Blockchain are quickly taking centre stage Top 400 tech meetup groups by *membership in the UK 2018 Source: Tech Nation, 2018; Meetup.com, 2018 Open Source & AI Software Dev & Blockchain
• 16.
  UK tech communitiesvalue quality of life and sense of place Challenges of local tech ecosystems Source: Tech Nation and Streetbees, 2018 1. Appealing area 2. A helpful tech community 3. Proximity to a university
• 17.
  UK software developersare highly collaborative Data on 52,000 UK Github users reveals important, often hidden, ways that developers collaborate. Languages associated with web development are prevalent, the top three are JavaScript, Python and PHP. Top programming languages used on Github, by number of users Source: Tech Nation, 2018; Github, 2018 GITHUB SHOWS HOW UK TECH DEVELOPERS SHARE CODING LANGUAGES
• 18.
  Jobs in digitaltech are on the rise From 2014 to 2017 digital tech sector employment rose 13.2%. Its workers are more productive, on average, by £10,000 per worker. Jobs requiring digital tech skills command higher salaries, at £42,578 compared to £32,477 for those that do not. Average annual salary of jobs Source: Adzuna, 2018 THE MORE DIGITALLY SKILLED A UK JOB IS, THE HIGHER ITS AVERAGE ANNUAL SALARY
• 19.
  Diversity remains akey challenge for digital tech Only 19% of the digital tech workforce is female. Despite the stereotype that digital tech jobs are for millennials, 72% of workers are aged over 35. Gender diversity of people working in digital tech jobs, 2017 Source: Tech Nation, 2018; ONS, Annual Population Survey, Wave 3 2017 WOMEN IN TECH ARE OUTNUMBERED 4:1
• 20.
  Spotting Global StartupSub Sector Life Cycles Mature, Emerging and Declining Clusters Source: Startup Genome 2018 Global Ecosystem Report
• 21.
  Thank you. Exploremore at: technation.io/report2018 @technation @gerardgrech